A Company Has $4,200 in Net Sales, $3,500 in Gross

question 67

Multiple Choice

A company has $4,200 in net sales, $3,500 in gross profit, $1,000 in ending inventory, and $1,600 in beginning inventory. The company's cost of goods sold is:

• A)$3,500.
• B)$700.
• C)$2,600.
• D)$1,900.

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Definitions:

Opiate

Refers to a group of drugs derived from opium used for their analgesic, sedative properties, and can lead to addiction.

Endorphins

Natural chemicals produced in the brain that act as painkillers and are associated with feelings of pleasure and euphoria.

Psychoactive Drugs

Substances that alter brain function, resulting in temporary changes in perception, mood, consciousness, and behavior.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) sleep.